GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 are poised to see a subdued start on Thursday as Asian markets opened on a muted note in early trade hours.
Previously, on Wednesday, the NSE Nifty 50 closed the session 205.85 points or 0.90% higher at 23,163.10, while the BSE Sensex rose 631.55 points or 0.83% to close at 76,532.96.
Key global and domestic cues to know on January 30, 2024 Asia Markets
Asia markets bucked the trend of Wall Street after Fed chair Jerome Powell kept the key interest rate unchanged. The Australian markets opened on a higher note, with the S&P/ASX 200 rose 0.37%. Japan’s Nikkei 225 was trading flat at 39,427. The Asia Dow was trading 0.41% higher at 3,762.95. Many Asia Pacific stock markets remained closed on account of the Lunar New Year Holiday.
Also Read How will markets open today? Here are 6 cues to watch at this hour- How are markets poised to open? Here are top 6 cues to watch ahead of opening How will markets open today? Here are 7 key cues to watch out for How markets will open? Here are top 6 cues to watch ahead of trading on January 13 US markets
The US markets fell after the Federal Reserve kept the interest unchanged. The S&P 500 closed the session 0.47% lower at 6,039.31. The technology-heavy Nasdaq Composite lost 0.51% to end at 19,632.32. The Dow Jones Industrial Average declined 136.83 points, or 0.31%, to 44,713.52.
US Fed FOMC
The Federal Reserve maintained the current interest rates during its January Federal Open Market Committee (FOMC) meeting. The meeting, held over two days (January 28–29), concluded with Fed Chair Jerome Powell announcing the decision on Wednesday, reversing the trend of easing policy. The central bank’s FOMC left unchanged its overnight borrowing rate in a range between 4.25%-4.5%.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.07% at 107.88 on Thursday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee depreciated 0.01% to close at 86.55 to the dollar on January 29.
» Read More
